11 May 2020

Machinetool market size in India has the potential to grow by USD 1.9 billion during 2020-2024

The market is driven by the rising industrial automation in India. In addition, the adoption of 3D printing technology is anticipated to boost the growth of the machine tools market in India. Industrial automation is becoming a norm in various industries because it provides higher reliability and productivity. Computer numerical control (CNC) machine tools are automated tools, which are replacing conventional machine tools as they provide additional computational and flexibility features. It ensures fewer defects in final products, eliminates extra labor costs, and boosts the production process.Read More...!